Heating Equipment Market, the second title in our series of HVAC studies, addresses the following questions and more:- How does the heating equipment product mix vary by region? - Which market has the best growth prospects? - What share of total demand will furnaces account for in 2021?

Replacement of Aging Equipment to Remain the Key Driver of GrowthUS Sales of heating equipment are expected to slow from gains recorded during the 2011-2016 period, as during this earlier period there was a higher level of replacement sales to alleviate pent up demand following the Great Recession. Replacement cycles are expected to normalize going forward, slowing the overall pace of growth.

Key Findings in the Heating Equipment Study:

Warm Air Furnaces to Continue its Market DominanceWarm air furnaces, which comprised well over half of total heating equipment sales in 2016, will remain the most popular type of heating equipment in the US. Consumer preference for forced air heating will result in the equipment being utilized in most residential and commercial buildings.

Steel Boilers to Outpace All Other Product TypesAlthough boilers as a whole will continue to lose market share to other types of heating equipment due to ongoing weakness of cast iron types, demand for steel boilers will increase at a faster rate than any other product type. Much of this will be due to rising use of condensing boilers, which generally utilize steel heat exchangers and have a higher level of energy efficiency than non-condensing boilers.

Residential Market Sales will be Stronger Than in the Commercial MarketContinuing a recent trend, the residential market for heating equipment will expand faster than commercial product sales through 2021. Healthy increases in residential building construction spending will contribute to much of this growth. In addition, the average lifespan of residential heating equipment is typically lower than commercial equipment, resulting in a higher number of replacement sales opportunities.

The study also evaluates company market share and provides a competitive analysis of leading manufacturers, including AO Smith, Burnham Holdings, Daikin Industries, Ingersoll-Rand, Lennox, Melrose Industries, Mestek, Paloma, SPX, and United Technologies. Download the full report: https://www.reportbuyer.com/product/4895324/

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